Agriculture Tractor Tires Market size was valued at USD 3.1 Billion in 2024 and is forecasted to grow at a CAGR of 5.2% from 2026 to 2033, reaching USD 4.8 Billion by 2033.
The global Agriculture Tractor Tires Market was valued at approximately USD 7.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% during the forecast period. This growth is primarily driven by increasing mechanization in farming activities, rising demand for efficient agricultural machinery, and technological advancements in tire manufacturing. Moreover, the adoption of precision farming practices and enhanced productivity needs have further boosted the demand for durable and high performance tractor tires. The market is witnessing a steady rise in sales across both radial and bias tire categories, with a preference for radial tires due to their enhanced fuel efficiency, improved traction, and reduced soil compaction. Additionally, favorable government initiatives promoting modern agricultural practices and subsidies for tractor purchases are contributing to market growth.
Regionally, Asia Pacific held the largest share of the Agriculture Tractor Tires Market in 2022, accounting for approximately 40% of the global revenue, driven by extensive agricultural activities in countries like China, India, and Indonesia. North America and Europe followed, with market shares of around 25% and 20%, respectively. The North American market is propelled by technological advancements and high mechanization rates, while Europe benefits from a strong emphasis on sustainable agriculture and advanced tire technologies. Meanwhile, the Latin America and Middle East & Africa regions collectively contributed around 15% of the market share, showing steady growth potential due to increased agricultural investment and infrastructure development. Emerging markets across Africa are expected to provide lucrative opportunities for manufacturers, driven by expanding farming practices and rising demand for efficient agricultural equipment.
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Bridgestone
Michelin
Titan International
Alliance Tire Group
CEAT
Trelleborg Wheel Systems
Balkrishna Industries
JK Tyres
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Agriculture Tractor Tires Market
Radial Tires
bias Tires
Agricultural Implement Tires
Specialty Tires
Small Size Tires (up to 24 inches)
Medium Size Tires (24 to 36 inches)
Large Size Tires (over 36 inches)
Crop Production
Soil Preparation
Harvesting Operations
Transportation and Load Handling
Natural Rubber
Synthetic Rubber
Polyurethane
Others
Commercial Farmers
Non-Commercial Farmers
Agricultural Cooperatives
Government Agricultural Programs
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Agriculture Tractor Tires Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Agriculture Tractor Tires Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Agriculture Tractor Tires Market, By Type
6. Global Agriculture Tractor Tires Market, By Application
7. Global Agriculture Tractor Tires Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Agriculture Tractor Tires Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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